Before starting your home search and committing to a particular Realtor, it is wise for you to know about Buyer Brokerage. Buyers in our area have generally not heard of a Buyer’s Broker, the Accredited Buyer Representative (ABR) designation that is associated with it, or the numerous benefits related to Buyer Representation.
According to a 2001 National Association of Realtors (NAR) survey, 46% of buyers nationwide who worked with a real estate professional opted to have their own Buyer Representative. Despite the fact that Buyer Brokerage is common in other parts of the U.S., it has been slow to catch on here.
Although it is routine for sellers to sign a listing agreement with a broker when putting their home up for sale, local buyers rarely have a similar contractual arrangement with their agent.Read More